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Mar 1 - Mar 7, 2026

Oil Shock Hits Markets: Crude Crosses $92, Sensex Falls 2-3% as Geopolitical Crisis Deepens

Bearish

Markets had a shortened and volatile week (Holi holiday on March 3). Brent crude surged 30% to cross $92/barrel after the reported killing of Iran's Supreme Leader escalated Middle East tensions and raised fears of Strait of Hormuz disruption. Sensex fell 2-3% for the week as FIIs sold Rs 4,630 crore while DIIs absorbed Rs 24,312 crore. India VIX jumped 40% to near 20. Nifty broke below its 200-DMA for the first time in 7 months. Metal and healthcare sectors provided rare support, while IT and realty were worst hit.

Key Points This Week

  • 1
    Brent crude surged roughly 30% during the week to cross $92/barrel — the sharpest weekly oil spike in nearly 4 years. Strait of Hormuz shutdown fears triggered global risk-off sentiment.
  • 2
    Nifty 50 broke below its 200-day moving average (200-DMA), a key long-term trend indicator, closing near 24,450 after briefly testing 24,000 support. Sensex settled around 78,900.
  • 3
    FIIs remained net sellers for the third consecutive week at Rs 4,630 crore. DIIs bought Rs 24,312 crore — domestic institutions now providing critical market support.
  • 4
    India VIX (fear gauge) jumped over 40% during the week to near 20, signaling heightened uncertainty. Nifty Realty fell 4.9% and IT lost 4.4%, the worst-performing sectors.
  • 5
    Bright spots: Metal stocks gained 2.2%, Healthcare rose 2%, and Pharma advanced 2.1% — defensive plays attracted money during the risk-off environment.
  • 6
    IndusInd Bank gained 3.3% after RBI assured stability. Hero MotoCorp rose 4.5% on positive auto volume outlook. But Eternal (Zomato) fell 8.6% and Tech Mahindra dropped 6.8%.

SIP Investor Advice

Oil shocks are temporary — crude surged to $147 in 2008 and then crashed to $30. The 2022 Russia-Ukraine spike to $130 reversed within months. When oil creates panic in markets, SIP investors accumulate units at fear-driven discounts. Your SIP is designed for exactly this kind of environment. The domestic institutional buying of Rs 24,000 crore shows that India's structural SIP flows are now a powerful stabilizing force. Stay the course.

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Market data shown is illustrative/sample only. Not real-time. All information is for educational purposes and should not be construed as investment advice. Past performance does not guarantee future returns.

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